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SHORT-TERM AND LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of debt | Short and long-term debt for the company as of December 31, 2023 and 2022, is detailed in the table below:
(in thousands of $) |  | 2023 |  | 2022
U.S. dollar denominated floating rate debt |  |  |  |
$629 Million Facility |  | — |  |  | 467,865 |
Flex Amber Sale and Leaseback |  | — |  |  | 139,022 |
$320 Million Sale and Leaseback |  | 287,275 |  |  | 305,974 |
$125 million term tranche under the $375 Million Facility |  | 97,354 |  |  | 119,475 |
Flex Enterprise $150 Million Facility |  | 137,718 |  |  | 147,542 |
Flex Resolute $150 Million Facility |  | 142,106 |  |  | 150,000 |
$330 Million Sale and Leaseback |  | 313,000 |  |  | — |
$140 million term tranche under the $290 Million Facility |  | 129,104 |  |  | — |
Flex Rainbow $180 Million Sale and Leaseback |  | 174,066 |  |  | — |
Total U.S. dollar floating rate debt |  | 1,280,623 |  |  | 1,329,878 |
U.S. dollar denominated fixed rate debt |  |  |  |
Flex Volunteer Sale and Leaseback |  | 145,881 |  |  | 152,801 |
Total U.S. dollar denominated fixed rate debt |  | 145,881 |  |  | 152,801 |
U.S. dollar denominated revolving credit facilities |  |  |  |
$250 million revolving tranche under the $375 Million Facility |  | 250,000 |  |  | 250,000 |
$150 million revolving tranche under the $290 Million Facility |  | 150,000 |  |  | — |
Total U.S. dollar denominated revolving credit facilities |  | 400,000 |  |  | 250,000 |
Total debt |  | 1,826,504 |  |  | 1,732,679 |
Less |  |  |  |
Current portion of debt |  | (106,135) |  |  | (99,706) |
Long-term portion of debt issuance costs |  | (12,096) |  |  | (13,749) |
Long-term debt |  | 1,708,273 |  |  | 1,619,224 |
Schedule of capital commitments | Capital commitments relating to our long-term debt obligations as of December 31, 2023 are detailed in the table below:
(in thousands of $) |  |
2024 |  | 106,135 |
2025 |  | 106,815 |
2026 |  | 107,545 |
2027 |  | 108,306 |
2028 |  | 448,534 |
Thereafter |  | 949,169 |
Total |  | 1,826,504 |

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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